AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

VLVLY has been the subject of a number of research analyst reports. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th.

AB Volvo (publ) Trading Up 0.4 %

Shares of OTCMKTS:VLVLY opened at $24.15 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $49.10 billion, a PE ratio of 9.98 and a beta of 1.30. AB Volvo has a 12-month low of $23.27 and a 12-month high of $30.14. The business’s fifty day simple moving average is $25.10 and its 200-day simple moving average is $25.36.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. The firm had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. As a group, equities research analysts predict that AB Volvo will post 2.34 earnings per share for the current fiscal year.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.